Archive for June, 2009
SBI cuts home loan rates for first 3 years
With real estate prices dropping, action is hotting up in the home loan market.
Home Sweet Home, Not for Many
Despite glimmers of hope, the real estate market is still very much in distress. The combination of falling home prices and rising unemployment is creating stress for many homeowners who reached to buy a home when prices were high
SBI, HDFC slash home loan rates
With real estate prices dropping, action is hotting up in the home loan market. State Bank of India, the country’s largest lender, said on Tuseday that it had improved upon its home loan scheme and would offer home loans starting at 8 per cent in the first year before rising 100-150 basis points in the second and third years.
Federal Home Loan Bank of San Francisco Releases May 2009 Cost of Funds Index
SAN FRANCISCO—-The Federal Home Loan Bank of San Francisco announced June 30, 2009, that the 11th District Monthly Weighted Average Cost of Funds Index for May 2009 is 1.832%. The index for April 2009 was 1.380%.
SBI, LIC HF cut home loan rates
State Bank of India, the country’s largest lender, on Tuesday launched two new home loan products-SBI Easy Home Loan and SBI Advantage Home Loan-for buyers in the sub-Rs 30-lakh and over Rs 30-lakh category, with processing fee for both waived until September 30, while home mortgage lender LIC Housing Finance has reduced the interest rates for its existing borrowers.
SBI offers two new home loan schemes
SBI has launched two new home loan schemes, SBI Easy Home Loan and SBI Advantage Home Loan, with processing fee for both waived till September 30.
Protesters demand mortgage help from loan firms
Associated Press – June 30, 2009 11:03 AM ET PHILADELPHIA – Protests are planned in more than a dozen cities across the country to demand that a group of mortgage companies who benefited…
SBI improves its home loan offer
Offers to fix rates in second, third year of loan. With real estate prices dropping, action is hotting up in the home loan market.
Protesters demand mortgage help from loan firms
Several key mortgage companies that benefited from federal bailout funds have yet to sign onto the Obama administration’s plan to help more homeowners avoid foreclosure.
Home prices post 18.1 percent annual drop in April
There is a clear trend home prices declines are moderating — another sign the beleaguered housing market is stabilizing, according to data released Tuesday.
